This bill allows specified customers with a demand of less than 100 kilowatts to receive electric generation through standard service.
Standard service must be priced to reduce volatility with prices changing no more frequently than quarterly, while last resort service must be priced to track changes in wholesale market rates.
If the market is more volatile and resulting in higher electric rates, there is a potential for savings for customers who choose standard service.
However if the wholesale market is not volatile, there is a potential higher cost for standard service.
Therefore there is a potential fiscal impact to the state and municipalities.

This bill also allows electric distribution companies to provide alternative electricity supply offerings to customers who currently receive last resort service.
It is anticipated that this provision will result in savings to these customers.

House “A” makes changes that are not anticipated to result in any fiscal impact.

House “B” adds the provisions regarding competition and standard and last resort service and makes technical changes.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.